Intuitive remains the dominant surgical robotics company, but corporations ranging from Medtronic to Vicarious Surgical look to compete. Robotic-assisted surgery remains one of the hottest spaces in medtech. Intuitive, which pioneered the field in the 1990s and early 2000s, continues to innovate. At the same time, a host of other companies are looking to compete. […]
Monteris Medical
Monteris Medical raises $35M for its robotic brain surgery system
Monteris Medical recently raised $35 million as it continues to advance its minimally invasive robotic brain surgery system. The Minnetonka, Minnesota–based company reported a $13.5 million raise in an SEC Form D filed on Sept. 15. But in an article published yesterday in the Star Tribune of Minneapolis, CFO Jim Erickson said the equity financing […]
Monteris Medical announces positive paper on its robotic brain surgery system
Monteris Medical announced today that data supports the use of its laser interstitial thermal therapy (LITT) in treating brain tumors. A paper on LITT for patients with IDH wild-type glioblastoma — the most common and aggressive tumor originating in the brain — was published in the journal Neuro-Oncology Advances. Minnetonka, Minnesota-based Monteris said in a […]
Monteris Medical scores reimbursement win with Cigna
Monteris Medical announced today that Cigna released a national coverage policy supporting the use of its laser ablation therapy. The medical coverage policy considers Minnetonka, Minnesota-based Monteris’ robot-assisted, MR-guided laser interstitial thermal therapy (LITT or laser ablation) medically necessary to treat drug-resistant epilepsy and symptomatic brain tumors and radiation necrosis. According to a news release, […]
12 surgical robotics companies you need to know
Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]
Monteris Medical wins Health Canada nod for NeuroBlate Fusion-S Software
Monteris Medical (Plymouth, Minn.) recently announced that it received Health Canada approval for its NeuroBlate Fusion-S software. The Fusion-S software display offers a visual representation of critical anatomical details to allow neurosurgeons to easily view brain structures throughout a procedure, according to the company. The software also features 3D views for an advanced graphical interface […]
Monteris Medical raises $9M
Monteris Medical (Plymouth, Minn.) has raised another $9 million, about four months after it crossed the 3,000 mark of people treated with its NeuroBlate robot-assisted brain surgery device. The money came from a single investor, according to the Form D that Monteris filed today with the U.S. Securities and Exchange Commission. The company has been […]
Medical Alley companies beat Q1 investment total
A surge in first-quarter 2019 investments in Medical Alley Association member startups pushed them past their performance in the same quarter last year, according to the Minnesota-based trade group. Seven of the 10 largest raises of the quarter went to medical device companies, which propelled the sector to its best first quarter on record, nearly doubling the […]
Monteris Medical raises nearly $11M
Monteris Medical (Plymouth, Minn.) has brought in nearly $11 million from its latest investment round as it expands sales and marketing of its NeuroBlate robot-assisted brain surgery device, according to a new Form D filed with the U.S. Securities and Exchange Commission. Monteris had sought roughly $17 million in total from the money-raise. The company has overcome challenges […]
Monteris Medical had a serious recall: Here’s what their CEO did
Soon after Marty Emerson took over as CEO of Monteris Medical, he and other company officials realized that the company’s robot-assisted brain surgery device had a serious overheating problem. Here’s how he led the company through the crisis. Marty Emerson became CEO of Monteris Medical (Plymouth, Minn.) in July 2016. Within a month, the first […]
Monteris Medical expands access to NeuroBlate System with Anthem win
On the heels of a coverage update from health insurance giant Aetna, Monteris Medical has achieved a similar win from Anthem when it comes to epilepsy patients gaining access to Monteris’ NeuroBlate system. Anthem’s clinical utilization management guidelines for laser interstitial thermotherapy, which Monteris announced today, allows Anthem beneficiaries with refractory epilepsy to access the minimally invasive […]
